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NiMin reports $1.5M loss

By   /  Friday, May 11th, 2012  /  Banking & Finance, Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on NiMin reports $1.5M loss

NiMin Energy Corp., the Carpinteria-based oil and gas producer that is disbanding, said it narrowed its first-quarter loss to $1.5 million, compared to a loss of $8.5 million a year ago. The company said in late April that poor stock-price performance prompted it to start dismantling the business and selling its assets. The move came Read More →

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NiMin Energy to dissolve

By   /  Wednesday, April 25th, 2012  /  Latest news, Tri-County Public Companies  /  Comments Off on NiMin Energy to dissolve

NiMin Energy, a small independent oil and gas firm based in Caprinteria, is selling its Wyoming assets for $98 million and dissolving itself. The company, which is traded on the Toronto Stock Exchange, is also in talks to sell its San Joaquin Valley assets in California. The company said the money will be used to Read More →

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Carp flower industry standing strong

By   /  Friday, April 13th, 2012  /  Latest news  /  2 Comments

Flower growers in Carpinteria, the biggest flower-producing region in the state, are working together to try to keep up as their foreign rivals grow more and more competitive. California’s multimillion-dollar cut flower industry is being threatened by federal trade policies that provide subsidies to foreign flower growers, particularly those in Bogota, Colombia, according to a Read More →

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200 jobs in limbo as UTC dumps Clipper

By   /  Friday, March 23rd, 2012  /  Technology, Top Stories  /  2 Comments

The fate of Carpinteria-based Clipper Windpower and roughly 200 South Coast jobs hang in the balance after owner United Technologies Corp. abruptly disclosed plans to sell the turbine maker. A top official for United Technologies Corp. called the 2010 acquisition of Clipper a  “mistake” on a call with Wall Street analysts. Indeed, the Clipper acquisition Read More →

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Clipper Windpower up for sale

By   /  Friday, March 16th, 2012  /  Latest news, Technology  /  Comments Off on Clipper Windpower up for sale

Less than two years after Clipper Windpower was purchased by defense-industrial giant United Technologies Corp., the Carpinteria-based turbine maker is up for sale again. United Technologies, the name behind Pratt & Whitney jet engines and Sikorsky helicopters, bought Clipper in 2010 as the company was struggling to keep its cash flowing. The defense giant paid Read More →

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Buyer puts Carpinteria bluffs property in play for future resort

By   /  Friday, January 27th, 2012  /  Columns, Tourism  /  Comments Off on Buyer puts Carpinteria bluffs property in play for future resort

A 21-acre portion of pristine Carpinteria coastline that has been eyed by hotel developers for years is in escrow.

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Carone Petroleum wants to double down on drilling

By   /  Friday, January 20th, 2012  /  Top Stories  /  Comments Off on Carone Petroleum wants to double down on drilling

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